Role of halal industry in the development of green economy

¹ Chechen State University named after A.A. Kadyrov, Grozny, Russia
² Chechen State Pedagogical University, 364024, Grozny, Russia

^* Corresponding author: shovkhalov.shamil@gmail.com

Abstract

The scientific article is devoted to the interaction of two important areas of socially responsible business - the halal industry and the green economy. The purpose of the work is to identify the role of the influence of the growth of the halal industry in the world on the environmental sustainability of the development of any state. The research methodology includes statistical data analysis, as well as induction and synthesis. In the course of the study, the structure of the market for halal products and services in the world and Russia was determined, and key problems were identified, the solution of which will increase the market capacity in the near future. The catalysts for these changes can be an increase in the number of Muslims, an increase in the religiosity of the population and an increase in people's awareness of halal products and services. The results of the article provide an opportunity for entrepreneurs, researchers and all persons interested in developing a green economy and promoting the halal industry in the global market to identify the effect of such integration. At the same time, it has been proven that the halal market can become a catalyst for the development of a green economy if they interpenetrate, since it helps reduce harmful emissions into the air, water bodies and land, create a culture of consumption and save the benefits people use. Key words: halal market, green economy, Islamic law, Islamic economics